Nishad Singh, Indian-origin engineer at FTX, pleads guilty to fraud charges

A 27-year-old Indian-origin engineer at a crypto asset trading platform has pleaded guilty to charges of commodities fraud.

Nishad Singh was the former co-lead engineer of FTX Trading Ltd. He is facing federal charges for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh along with Samuel Bankman-Fried and Gary Wang.

In December last year, federal authorities had charged Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX.